Synchronous Condenser Market, Size, Share, Outlook and Growth Opportunities 2020-2026
- ID:OGA1903MVEN242
- Published: March-2021
- Pages:140
- OG Analysis
Global Synchronous Condenser Market, Size, Share, Outlook and Growth Opportunities to 2026: By Type (New Synchronous Condenser and Refurbished Synchronous Condenser), By Cooling Type (Hydrogen Cooled, Water Cooled and Air Cooled), By Starting Method (Pony Motor, Static Frequency Converter and Other Starting Methods), By Reactive Power Rating (Up to 100 MVAr, 100–200 MVAr and Above 200 MVAr), By End User Industry (Industrial and Electrical Utilities) and By Region
Key Highlights
- The Global Synchronous Condenser Market is estimated to grow at a CAGR of 2.07% during the forecast period 2020-2026.
- Electric utilities are expected to grow at a highest rate in coming years. Booming electrical industry will positively impact the demand of synchronous condensers.
- Key market players are highly concentrating on research & development initiatives and new product developments.
- High maintenance and equipment cost is one of the key restraints for global synchronous condenser market.
Expansion of High-Voltage Direct Current (HVDC) network in various regions worldwide is anticipated to augment the demand for power factor correction equipment such as synchronous condensers.
Hydrogen cooled synchronous condensers are preferred at higher rate owing to their properties such as high specific heat, high thermal conductivity, and low density. This is likely to fuel the demand for synchronous condensers over the forecast timespan. Hydrogen cooled is the widely used cooling type technology that is used by the above 200 MVAr synchronous condensers.
North America market is estimated to record strong growth for synchronous condensers in upcoming years. The rising installations of large-sized above 200 MVAr synchronous condensers are likely to stimulate the growth of synchronous condensers market in North America. In the region, oil & gas industry and power generation industry are the leading end users of synchronous condenser.
In the region, Canada witnessed a rising demand for synchronous condensers, particularly in new installations. This is also likely to create an immense demand for synchronous condensers in the region.
Asia Pacific synchronous condenser market accounted as the largest market for synchronous condenser followed by Americas. The region is also forecast to gain highest growth rate in the next few years, attributed to the increasing adoption of synchronous condenser in several electrical and industrial applications.
Global Synchronous Condenser Market Insights
The 2020 series of global Synchronous Condenser market size, share, outlook, trends and growth prospects is a comprehensive analysis on global Synchronous Condenser market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of Synchronous Condenser market, detailed porter’s five forces analysis and competitive insights are included in the research report.
Global Synchronous Condenser Market Share by Type
The report presents the detailed annual outlook of each type of the Synchronous Condenser market to 2026. The report studied 2 types including new synchronous condenser and refurbished synchronous condenser. Of these types, new synchronous condenser segment is estimated to occupy major share over the forecast period.
Global Synchronous Condenser Market forecasts by Cooling Type
The report provides detailed Synchronous Condenser market forecasts by various cooling types including hydrogen cooled, water cooled and air cooled. Of these cooling types, hydrogen cooled is forecasted to dominate the industry growth.
Global Synchronous Condenser Market Analysis by Starting Method
The report provides detailed Synchronous Condenser market analysis by starting method into 3 categories that includes pony motor, static frequency converter and other starting methods. Among these two starting methods, static frequency converter segment is analysed to dominate the industry growth over the estimation period.
Global Synchronous Condenser Market Share by Reactive Power Rating
The report presents the detailed annual outlook of each reactive power rating of the Synchronous Condenser market to 2026. The report studied 3 reactive power ratings including Up to 100 MVAr, 100–200 MVAr and above 200 MVAr. Of these reactive power ratings, above 200 MVAr segment is estimated to occupy major share over the forecast period.
Global Synchronous Condenser Market Size by End User Industry
The report presents in-depth insights into each of the leading Synchronous Condenser end user industry along with annual forecasts to 2026. Various end user industries that are studied in the report include industrial and electrical utilities. Electrical utilities segment is leading among various end user industries.
Global Synchronous Condenser Market Revenue by Region
The current Synchronous Condenser market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2026 are also included in the research report. Globally, North America is estimated to be leading contributor to the Synchronous Condenser market.
Global Synchronous Condenser Market Analysis by Company
Top 10 leading companies in global Synchronous Condenser market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and Synchronous Condenser products & services.
Global Synchronous Condenser Market News and Recent Developments
Latest news and industry developments in terms of Synchronous Condenser product expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.
Scope
Long term perspective on the Synchronous Condenser industry: 2019 (base year), 2020- 2026 (forecast period)
Synchronous Condenser Market - Forecasts by Segments- Type, Cooling Type, Starting Method, Reactive Power Rating and End User Industry by geography.
- It provides the synchronous condenser market outlook by 2 types including new synchronous condenser and refurbished synchronous condenser.
- The research work categorizes the global synchronous condenser market based on cooling type into 3 categories including hydrogen cooled, water cooled and air cooled.
- The report categorizes the market based on construction method into 3 categories including pony motor, static frequency converter and other starting methods.
- The research report classifies the global synchronous condenser market outlook by 3 reactive power ratings including Up to 100 MVAr, 100–200 MVAr and above 200 MVAr.
- It provides the market outlook by 2 end user industries including industrial and electrical utilities.
- Synchronous Condenser market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.
Synchronous Condenser Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Synchronous Condenser Market- Growth Opportunities
- Potential New Business Opportunities
- Key Areas of Focus in forecast period
Synchronous Condenser Market- Competitive Scenario
- 10 companies are analysed in the report including ABB, Siemens, WEG, Voith Group, Fuji Electric, GE, Eaton, Ideal Electric, Sustainable Power Systems, and Ansaldo Energia.
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Synchronous Condenser Market
2.1 Global Synchronous Condenser Market Snapshot, 2019
2.2 Synchronous Condenser Industry Overview
2.3 Research Perspective
3. Global Synchronous Condenser Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Synchronous Condenser Market
3.2 Leading Synchronous Condenser Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Synchronous Condenser
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Synchronous Condenser Market Outlook and Growth Opportunities by Type
4.1 New Synchronous Condenser Market Outlook, 2020- 2026
4.2 Refurbished Synchronous Condenser Market Outlook, 2020- 2026
5. Global Synchronous Condenser Market Outlook and Growth Opportunities by Cooling Type
5.1 Hydrogen Cooled Synchronous Condenser Market Outlook, 2020- 2026
5.2 Water Cooled Synchronous Condenser Market Outlook, 2020- 2026
5.3 Air Cooled Synchronous Condenser Market Outlook, 2020- 2026
6. Global Synchronous Condenser Market Outlook and Growth Opportunities by Starting Method
6.1 Pony Motor Demand in Synchronous Condenser Market Outlook, 2020- 2026
6.2 Static Frequency Converter Demand in Synchronous Condenser Market Outlook, 2020- 2026
6.3 Other Starting Methods Demand in Synchronous Condenser Market Outlook, 2020- 2026
7. Global Synchronous Condenser Market Outlook and Growth Opportunities by Reactive Power Rating
7.1 Synchronous Condenser Market Outlook by Up to 100 MVAr Reactive Power Rating, 2020- 2026
7.2 Synchronous Condenser Market Outlook by100–200 MVAr Reactive Power Rating, 2020- 2026
7.3 Synchronous Condenser Market Outlook by above 200 MVAr Reactive Power Rating, 2020- 2026
8. Global Synchronous Condenser Market Outlook and Growth Opportunities by End User Industry
8.1 Synchronous Condenser Demand in Industrial End User Industry, Market Outlook, 2020- 2026
8.2 Synchronous Condenser Demand in Electrical Utility End User Industry, Market Outlook, 2020- 2026
9. Asia Pacific Synchronous Condenser Market Outlook and Growth Opportunities
9.1 Key Findings, 2019
9.2 Asia Pacific Synchronous Condenser Market Outlook by Type, 2020- 2026
9.3 Asia Pacific Synchronous Condenser Market Outlook by Cooling Type, 2020- 2026
9.4 Asia Pacific Synchronous Condenser Market Outlook by Starting Method, 2020- 2026
9.5 Asia Pacific Synchronous Condenser Market Outlook by Reactive Power Rating, 2020- 2026
9.6 Asia Pacific Synchronous Condenser Market Outlook by End User Industry, 2020- 2026
9.7 Asia Pacific Synchronous Condenser Market Outlook by Country, 2020- 2026
10. Europe Synchronous Condenser Market Outlook and Growth Opportunities
10.1 Key Findings, 2019
10.2 Europe Synchronous Condenser Market Outlook by Type, 2020- 2026
10.3 Europe Synchronous Condenser Market Outlook by Cooling Type, 2020- 2026
10.4 Europe Synchronous Condenser Market Outlook by Starting Method, 2020- 2026
10.5 Europe Synchronous Condenser Market Outlook by Reactive Power Rating, 2020- 2026
10.6 Europe Synchronous Condenser Market Outlook by End User Industry, 2020- 2026
10.7 Europe Synchronous Condenser Market Outlook by Country, 2020- 2026
11. North America Synchronous Condenser Market Outlook and Growth Opportunities
11.1 Key Findings, 2019
11.2 North America Synchronous Condenser Market Outlook by Type, 2020- 2026
11.3 North America Synchronous Condenser Market Outlook by Cooling Type, 2020- 2026
11.4 North America Synchronous Condenser Market Outlook by Starting Method, 2020- 2026
11.5 North America Synchronous Condenser Market Outlook by Reactive Power Rating, 2020- 2026
11.6 North America Synchronous Condenser Market Outlook by End User Industry, 2020- 2026
11.7 North America Synchronous Condenser Market Outlook by Country, 2020- 2026
12. South & Central America Synchronous Condenser Market Outlook and Growth Opportunities
12.1 Key Findings, 2019
12.2 South & Central America Synchronous Condenser Market Outlook by Type, 2020- 2026
12.3 South & Central America Synchronous Condenser Market Outlook by Cooling Type, 2020- 2026
12.4 South & Central America Synchronous Condenser Market Outlook by Starting Method, 2020- 2026
12.5 South & Central America Synchronous Condenser Market Outlook by Reactive Power Rating, 2020- 2026
12.6 South & Central America Synchronous Condenser Market Outlook by End User Industry, 2020- 2026
12.7 South & Central America Synchronous Condenser Market Outlook by Country, 2020- 2026
13. Middle East & Africa Synchronous Condenser Market Outlook and Growth Opportunities
13.1 Key Findings, 2019
13.2 Middle East & Africa Synchronous Condenser Market Outlook by Type, 2020- 2026
13.3 Middle East & Africa Synchronous Condenser Market Outlook by Cooling Type, 2020- 2026
13.4 Middle East & Africa Synchronous Condenser Market Outlook by Starting Method, 2020- 2026
13.5 Middle East & Africa Synchronous Condenser Market Outlook by Reactive Power Rating, 2020- 2026
13.6 Middle East & Africa Synchronous Condenser Market Outlook by End User Industry, 2020- 2026
13.7 Middle East & Africa Synchronous Condenser Market Outlook by Country, 2020- 2026
14. Competitive Landscape
14.1 Leading Players (Company Profile, SWOT Analysis, Synchronous Condenser Products, Financial Analysis)
14.1.1 ABB
14.1.2 Siemens
14.1.3 WEG
14.1.4 Voith Group
14.1.5 Fuji Electric
14.1.6 GE
14.1.7 Eaton
14.1.8 Ideal Electric
14.1.9 Sustainable Power Systems
14.1.10 Ansaldo Energia
14.2 Company Benchmarking
14.3 Financial Analysis
15. Recent News and Deals Landscape
15.1 Mergers and Acquisitions
15.2 New Product Launches
15.3 Asset Transactions
15.4 Financial Announcements
16. Appendix
16.1 OGAnalysis Expertise
16.2 Sources and Research Methodology
16.3 Contact Information
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